By Corey Mann Nuance stock is set for a major boost after Microsoft’s latest announcement. In fact, the tech giant is buying Nuance Communications (Nasdaq: NUAN) in a mega deal that is sure to shake-up the industry. Let’s take a closer look at this acquisition by Microsoft (Nasdaq: MSFT).
How Will the Microsoft Acquisition Impact Nuance Stock?
Microsoft is buying Nuance Communications for $56 per share in a deal worth about $19.7 billion. That’s 23% higher than Nuance stock’s closing price of $45.58 on the last trading day before the deal was announced on April 12, 2021.
And this represents Microsoft’s largest acquisition in five years. …read more
